Budget 2016 – update to VAT registration limits

I've updated the VAT registration limits┬ápage with the new registration limits from 1 April 2016. … [Read more...]

How to make the most of your VAT registration – part 3

How to make the most of your VAT registration - part 3 Annual Accounting Hello The first of these articles appeared on the Lime Consultancy website and the second on this blog. In the last two notes I wrote about the Flat rate scheme and the Cash Accounting scheme. This time I want to tell you about the Annual Accounting scheme. The VAT Notice … [Read more...]

Making the most of being VAT registered

Making the most of being VAT registered - VAT Cash Accounting Scheme The first post in this series is on the Lime Consultancy website. Hello again In my previous missive on making the most of VAT I looked at how you could use the Flat rate scheme. This time I thought it would be useful to look at the Cash Accounting scheme and how you might … [Read more...]

VAT on rent – commercial property

VAT on rent on commercial property There are two common questions that need to be asked and are frequently overlooked: My landlord charges me VAT - do I need to charge VAT to my sub-tenant? OR I paid VAT on the building I bought, do I need to charge VAT on the rents I charge tenants? There seems to be a common misconception that because a … [Read more...]

2015 Road Fuel Scale Charge

2015 Road Fuel Scale Charge HMRC has published the latest update to the road fuel scale charge which applies to VAT periods starting after 30 April 2015. I have put a copy of the table on the road fuel scale charge 2015 page. … [Read more...]

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